Honda to spend more on N.America sales incentives

Newswire

TOKYO, Jan 31 (Reuters) - Honda Motor Co. said on Wednesday it expects to spend $100 million more this business year ending in March on sales incentives in the North American markets than it had planned three months ago. A Honda official said fierce competition was forcing the firm to offer bigger sales incentives on light trucks, while a drop in gasoline prices was also forcing it to boost incentives on its aging Accord model.

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